10 Tips in Purchasing a Second-Hand Equipment

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10 Tips in Purchasing a Second-Hand Equipment

Startups and small businesses have tight budget, good thing that companies with higher investments sell their used machines of good condition. Now here, we listed, 10 points needed to consider when acquiring used machines.

  • Make sure market or e-commerce site is legitimate
    Purchasers needs to check background of e-commerce site before further stepping up with the purchasing requirements and undergoing payment process. There are tons of ways to secure that the website you’re on is authentic or not, one thing is to review the feedback of others via google review or other sites of relevant value. Also, customer review is most likely active in the company page for the scrutiny of potential buyers and clients.
  • Do a background check on specific vendor
    Business Certificate or CVR/VAT number should be examined with the help of reliable sites. CVR number adds up to the relevance of the vendor since it is an assurance that said company is registered in a certain country with legal documents to back them up. Whilst customer review is important, knowing who the clients of the merchant are equally significant.

    Some websites have partners page, listing out their respective clients big or small. Should doubts arise, you could always send them a formal email to request scanned copies of legal valid papers. Visiting the warehouse or main office is also suggested, though it might cost higher than expected for overseas visits.

  • Do a background check on product
    When authenticity of e-commerce site is established, product review should be next. The manufacturer of said machine should be examined along with the components and spare parts availability. If you ever buy the item, do you have sufficient market to purchase spare parts from when needed placement? Do you have reliable market to get components from? For instance, that machine is discontinued or too old of a model, spare parts and components might not be up for procurement anymore and this makes more cost than profit for any company.
  • Review Payment Process and check for safe transaction
    It is primarily necessary to review the sales terms and conditions of vendor before going through payment. Check their payment mode –  for online sources, do keep eye on secured payment processes. Do not forget to document your steps, ask for official invoice and put agreement into formal writing. This will give you enough power for claim when needed and assure your transaction is secured.
  • Avoid issues on certificate of ownership transfer
    Acquired machine is one thing, but ownership of said machine is another. It is critical to check who the equipment is entitled to so to avoid complications after – such as; balance settlement (if not fully paid by vendor), or other legal extremities.
  • Review condition of machine/s
    After securing the legitimacy of merchant, website, and payment process. The examination of machine is next. Upon coordinating with the company selling the equipment, it is important to know when machine was bought, its year of manufacture, and its operating hours. This will give you a rough estimate on the extent of machine usage.
  • Test run machine/s
    Visiting the warehouse itself is suggested so to view the product and test it for additional assessment. With this, one could see the signs of wear, it would greatly help if you bring with you your own Technician/Technical Person to help you assess the machine. You may also ask yourself the following questions and see if the machine does reach average score:
    1. Rate how the machine looks, in general. (Are there scratches? Bumps? Rust? Is it workable?)
    2. What do fluids look like?
    3. How does the engine exhaust look?
    4. Are there any unnecessary noise?
    5. Does it successfully operate without any concerns during testing?

      These yields to how well-kept the machine is that is up for sale.

  • Scrutinize maintenance records
    When you have seen the current condition of machine, do not forget to check the maintenance record from the maintenance personnel. This will help you have the idea of how the equipment is kept and what were the problems in the past, if ever there is one. You could also ask directly of the complications of machine before, so you will be informed and make forecast or compromise.
  • Confirm if software is transferable
    Being able to have the equipment would add up to your efficiency and effectivity. Although if it’s software is non-transferable, then it wouldn’t work as desired and integrated to your production line. Always keep in mind to talk this through with the merchant so you will not have any complications afterwards.
  • Review return policy
    Are there any added agreement? Some merchants have added deals when marketing their secondhand equipment. Like having a span of 6 months return policy with about a good percentage of money back guarantee or maybe a supply of needed materials – such as, film or straps. This could increase the value of procurement though it is always better to know that you could deliver back the machine and have your investment reclaimed within a trial span.

    These are the 10 tips when planning of securing second hand equipment for your warehouse production. Though at the end of the day, it is still of your discretion to make such purchase even without certain warranty – as long as the machine works within intention, is in good shape, and always weigh if it is a good buy or a bad one.

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